BlackSky Technology (BKSY) Projected to Post Quarterly Earnings on Wednesday

BlackSky Technology (NYSE:BKSY) is expected to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect BlackSky Technology to post earnings of ($0.28) per share and revenue of $34.23 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

BlackSky Technology Stock Performance

NYSE BKSY opened at $18.73 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. The firm has a market capitalization of $576.42 million, a price-to-earnings ratio of -8.29 and a beta of 1.20. The company’s fifty day moving average is $12.63 and its two-hundred day moving average is $9.44. BlackSky Technology has a 52-week low of $3.86 and a 52-week high of $20.50.

Insider Transactions at BlackSky Technology

In related news, CFO Henry Edward Dubois sold 7,938 shares of BlackSky Technology stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $84,539.70. Following the completion of the transaction, the chief financial officer now directly owns 420,779 shares of the company’s stock, valued at $4,481,296.35. This trade represents a 1.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Christiana L. Lin sold 5,550 shares of BlackSky Technology stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $59,107.50. Following the transaction, the chief accounting officer now directly owns 354,143 shares of the company’s stock, valued at $3,771,622.95. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,086 shares of company stock valued at $245,866. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright raised their price objective on shares of BlackSky Technology from $12.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $19.20.

About BlackSky Technology

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.